Just Think Property
@justthink1
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Bringing thought back into property... 2024 Year of Opportunities - They that take action & take control win - Don't just talk about it - Do it...
Sydney Australia
Joined January 2012
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Pinned Tweet
Predictions for 2024...
As the team kicked back in Dusty's studio sipping on single malt whiskey & smoking the last of the Cubans I had - I began to think about 2024 & what it would bring...
1. For-Sale listing numbers in Sydney will remain low & we may see even lower figures
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And this is how you bring a $2.75m reserve down... 💪🥊🥊🥊🦇
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BIG PROPERTY PANDEMIC REVEAL TOMORROW TWEETERERS... 🦇🦇🦇
#SlipSlidingAway
BUT - if I get 30 likes of this tweet in the next 10 minutes I will reveal it tonight ... 🤓
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APARTMENT CARNAGE - Signs of the times coming to a suburb near you... 😳🥴🥸
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Since the tech giants are cancelling accounts of spreaders of misinformation... can you please look into Domain Auction Clearance Rates & Hedonic Daily Imputations pls...??? thanks in advance
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You know the economy is in a lot of trouble when a three year RUG business closing down sale - FINALLY closes down... 🦇🙈
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Numbers don't lie...
Lets do the math & work this out.
$11.3billion is to be spent/pledged to build the 1.2m homes they said would be built in 5 years but now we're pushing to 2030...
At a build cost on average including admin fees created by the bureaucracy $900K per
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HOLD ON TIGHT - carnage at Thornleigh... lot to unpack...
@AFRproperty
@Domaincomau
@realestate_au
@pankit16
1) Guide Dec 21 - Jan 22 - $2.8m
2) Sale 1st campaign falls over $2.5m aprox
3) Offer $2.2 rejected
3) New campaign guide $1.65-$1.815m
SALE $1.79M - CARNAGE 🐈⬛
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HIDDEN Tiger SILENT Dragon
Did we witness history in the making???
Where once the Asian community bought anything with walls - I saw agents & auctioneers begging families to bid & they didn't flinch nor raised their paddles...
Crowds up to 50 ... 2 props not 1 bid
#justsaying
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Getting ready to talk about Responsible Lending Laws &
#GangsterEconomics
with Martin
@DFA_Analyst
on our Monday evening property show... 😎🦇
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BREAKING PROPERTY PANDEMIC NEWS - liquidators calling me today asking if I have buyers ready... clients with multiple investments attached to businesses need to sell urgently ... clients willing to drop -20% to -25% market value to do a deal...
#justthestart
🤔 deal or no deal...
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HOLY CORONAMOLY & what about the Property Buying Tourists??? Next the Property Buying Students will also be told not to study in Australia...
All those empty apartments 😳🦇🦇🦇
China warns against travel to Australia
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Will we see more Councils take action in Sydney - following the example set by Fairfield Council...?
Triplex demolished mid December no OC no CC
Canley Heights
Lots of dwellings in Sydney not council approved
@ChrisMinnsMP
& Agents selling them... WTS
#Bkacktown
🤔
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PROPERTY PANDEMIC
Reality check ...@ auction 3 bed apartment bidders guide $1.55m 5 bidders
My bid $1.1 auctioneer laughs it off & 15 mins later keeps asking for bids SILENCE ... I jump back in at $1.15 & tell him I’m helping him 🤓
Angry auctioneer passes in @ VB $1.45 😂
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Hey
@NSW_FairTrading
- how many times does an auctioneer have to ask the selling agent “are we on the market...” when the price-guide is $1.3M and bidding is at $1.65m...??? Asking for a friend 🤷🏽♂️🥸
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Feel your frustrations
Me: what’s d-guide
Agent: don’t have one
M: what’s your estimate value as a local professional?
A: don’t know we let buyers dictate the price
M: cool - would you take $1.1m to the vendor
A: NO... it’s worth more than $1.28m
M: so that’s the guide? 🤷🏽♂️
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This is what everyone is thinking... some people are seriously funny... 🥸🤓
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Is this what
#privatecertification
has come to
@FairfieldCity
.. Canley Heights SIX residential dwellings on a block boundary to boundary & polystyrene panels ... ??? GOD HELP US 🙈🙈🙈
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Morning market crashers... 🥸
1st chat of day
A: Hi - you offered $1.8m for home we were guiding $2.1m ahhm three weeks ago...?
D: yes
A: offer still on the table...?
D: no
A: would you like to submit another offer...?
D: sure - $1.675m
A: I'll get back to you
D: 😬😺
#beTyson
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CHINESE WHISPERS & SYDNEY PROPERTY PANDEMIC -
Love WeChat chatter...
Prop Investor with 3 apartments 1 in particular was getting $4K/month on
#AirBnB
Darling Harbour has now been rented out WAIT FOR IT - $400/week fully furnished as LTR...
#undersupply
the Doc said...🦇🦇🦇
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Can you please share..???
Friends that are tired of how they're being treated by RE Agents came up with a concept to turn the tables on agents & landlords...
They are developing an app to rate-rentals & need trial... pls download & rate your rental 🙏
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HOW DOES THIS WORK
#McGrathRealEstateSydney
...???
Guide $1,450,000
Passed in at auction $1,550,000
Auctioneer tell crowd owner wants $1,600,000 [told by someone in attendance]
Sunday 7:22pm - STILL ADVERTISED - guide $1,450,000...??? 🤔
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Met with a client today looking to sell a large privately owned grocery store & wholesale distribution business with main store freehold... Not the interesting part 🥸
The family tell me - shoplifting across their 3 stores & others they supply is⬆️ 200%...
Upgrading security
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BREAKING NEWS - bricklaying company with 4-6 brickies crews just got told - will no longer be paid $1.8/brick laid WILL NOW be paid $1:30/brick TAKE IT OR LEAVE IT... 30% pay reduction overnight - more pain to come....
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Enjoying the beginning of something great -
#AsbestosAwarenessAustralia
In loving memory of Gill North
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SYDNEY PROPERTY PANDEMIC
3-5 agents gave an appraisal of this home 12 or so weeks ago between $1.7-$1.9m
The market at the time may have taken it to $1.85 & agents were bidding to get the listing.
Current guide $1.5m after original $1.65m guide 3 weeks ago
Bank val 👇👇
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SYDNEY WEST AUCTION PANDEMIC
See you later... it was great knowing you while it lasted - parting words from all the "sophisticated investors" that bought in the last 6 months - just got smashed...
BTW - the
#hedonic
"late to party index" still at $515K HIGH Confidence...🦇🙈
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Has winter set in...???
No registered bidders...
Early in the campaign agent was offered over $200k higher than guide...
Didn’t take the offers...
Good luck 🥸
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HOLY CORONAMOLY ... the garlic and bell works
@_mumbling_me
@windedpenguin
the
#hedonic
left North Ryde
I don't care what Auction Clearance Rates have to say - this is what matters .... from $1,900,000 in 2017 to $915,000...
And what did the
#hedonic
say it was worth???
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My 2019 predictions Sydney Olympic Park Opal Towers & other dev.
1) Banks will deem NO-GO zone
2) Values will drop 20-30% surrounding blocks
3) Most to 100% tenant’s will give notice to vacate
4) Block will be 70-90% vacant
5) Builder 80% chance declare bankruptcy
#justsaying
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Buongiorno Sydney - happy Monday... who ever thought of this is a legend...
#followthescience
🤦♂️
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Tom
@tompanos
old mate - I'm calling bull s&*t on this...
Can tell you six ways to Sunday why most RE Agents aren't worth the commissions being paid & including auctioneers... Lets get it on mate...🤓
Lets have a discussion anytime anywhere - we can start with a push-up
Are Real Estate Agents OVERPAID? 🤑🏎️⌚
Have I missed anything on the list of things we do? Comment below...
#realestateagent
#realestateagentlife
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My two bobs worth... as already discussed on The International Monday Evening Property Rants with Martin
@DFA_Analyst
... 🥸
1) The banks along with regulators will along with gov push to soften the pain to have a "slow leak not a pop..." or as I put it on the Rant - Keep
Aussie Fixed Rate "Mortgage Cliff" - Thread
- I have been saying for almost a year that this was never going to play out swiftly
- In the next few months the largest proportion of loans start rolling off and this is when the clock really starts ticking.
1/
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BREAKING NEWS - NSW police hold their biggest street car sale in Sydney... State politicians pension funds are low due to low road fine revenues over last 1.5years... ADF vehicles will be auctioned online... 🥸
#staysafepeople
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MORE HIGH RISE FIASCO - here you go Uppercut
@adamseconomics
& OB1
@DFA_Analyst
... this building is currently under construction & people are signing off on this... 30 plus levels of residential NIGHTMARE
#opaltower
#mascottower
#milliondollarghettos
#apartments
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In my time looking - selling & buying property... every inclusion & feature has a value attached to it... a car parking space is an added value...
So - how do you raise the value of a home in Victoria...??? Add car parking spaces in the listing...
#simples
😬
via
@adamgilbert
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CHINESE WHISPERS - conversations on WeChat chatter flying around about property... I’m predicting there will be a rush on toilet paper over the next few months cause a lot of local Chinese investors are SH@*^NG bricks ...
Many talking the taboo language of selling 🦇🦇🦇
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HOW LONG ago did I raise these issues about Jordan Springs...??? asking for FHB that have been conned
If you think it's any better in Box Hill - Riverstone - The Ponds - Schofields... THINK AGAIN 🦇☠️🙈
An entire suburb might have to be bulldozed with homes under threat from shifting soil. Residents in Jordan Springs East have been told by their council that their dreams have been built on sinking foundations. It's prompted calls for better regulation.
@RobertOvadia
#7NEWS
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Hey
@NSW_FairTrading
&
#LJHookerSydney
... can you please explain -
1) how an agency can hold multiple deposits for a property as well as signed contracts of sale...???
2) we are talking $300K + 10% deposits to be clear...
asking for a very concerned friend 🤔🙃
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EXCLUSIVE JUST IN - Fist Home Buyers are scaling the 'Interest Rate' & 'APRA' walls in droves & climbing into the property market .... oh oh - then there is the HEM - bloody HEM why why why the HEM ????
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HAHAHAHAHA... when the MSM keep an eye on our twitter feed to keep up with the real property issues & are 4-6 weeks behind
@DFA_Analyst
... 🤓🤦♂️🦇
At least some write about it ... lol
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PLEASE SHARE - PLEASE RETWEET
This has to change...
I have receipts of how corrupt & misleading the relationship between - Real Estate Agencies & Building Inspection companies is... 🤔
Do any reporters want to expose the way "buyers" are taken for a ride & are mislead...
Hey SIRI - show me how badly buyers are going to be stung tomorrow & all because they relied on the Building & Pest Report provided by the agent/vendor... 🫤
Not only has our B & P report identified Major Defects which are not noted by their report - our inspector DID have
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Lets go with 3-5 years of oversupply more like it...
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SO LET ME GET THIS RIGHT... you & your vendor are upset all because you won't provide council approvals & we are making enquiries...???
Agent's guide: $2.7m...
Dusty's offer: $2.55m...
Agent: The offer is insulting to our owners & we told them we will achieve $3.1m "as land
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HOLY CRAPAMOLY...
Just spoke with an old Property Manager friend - their office has over 400 managements on hand Parra area...
Will be spending the next 3 months in NCAT sorting out among other things:
1) Tenants vacating properties with no notice - just walking away & no
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Get some good sleep tweeterers... tomorrow will be a very exciting day. We will learn how Australian Corporation Laws can be rewritten overnight... 🙈🦇
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More inclined to believe 60,000+ survey respondents from an HONEST man in "khaki hiking top"
@DFA_Analyst
than suited up
#Spruikers
pushing the BS
#HEDONIC
daily index mysterious made up figures & have millions $$$ tied up in developments ...
#justsaying
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HOLY CORONAMOLY IT'S SPRUIKER PANDEMIC
I will share series of short videos from what appears to be legal financial & health advise as well as property investment advise... "the corona scam..."
First video & Q: can a non accredited person own a law firm? ... 1/5
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What has changed - NOTHING
What have we learned - NOTHING
What will politicians do - NOTHING
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How many buildings sit along
#PrramattaRiver
with basements below the normal level of the river
@angrykid457
?? I raised these issues in videos I did 5-7 years ago as we discussed
@DFA_Analyst
...
#highrise
with basements are in a world of pain
#opalwillsink
#demolishmascottower
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IT'S OVER 1 of the largest Chinese online media platform listed on NASDAQ has posted a NUCLEAR PROPERTY ARTICLE spooking Chinese investors who are holding assets in Australia or thinking about buying property in Oz. More to come on Monday Night’s Property Rants with
@DFA_Analyst
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SYDNEY PROPERTY PANDEMIC ...
And the mainstream media will continue to put the
#hedonic
BS Daily Index on a pedestal...🙈🙈🙈
Martin
@DFA_Analyst
this is the shenanigans they come up with... Great find and thanks for sharing LD
@linzcom
their lies & schemes finally exposed
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BE CAREFUL OUT THERE TODAY X'ers...
The amount of "false & misleading representation" of property out on display for-sale is increasing...
We have inspected no less than 7 homes this week - all with misleading price guides as well as not having approvals for extensions &
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LIES LIES THE HEDONIC INDEX & AUCTION CLEARANCE RATES... what have I been saying for the last few years
#CHICOSLOCOS
????OB1
@DFA_Analyst
interviews
#NeridaConisbee
& confirms what I have debunked ...
#REA
#TheTruthIsGOLD
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Bonjour property loving tweeterazzi with live coverage of property market falls... 🥸
Here is one for your collection
Guide $2.8m first campaign
Sold post auction Private-T $2.5m - Sale fell over
Back on market New Agency $1.6-$1.8m guide
Stay tuned for updates & the reveal...
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Ladies & Gentleman ... we have the NEW State Of Origin playing out before our very eyes...
It will be true test where idiocy takes us - a battle of free money & which State adopts the most NEW migrants...???
Someone needs to tell our Premiers:
1) New migrants don't want to
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ROLL THIS UP & SMOKE IT - SYDNEY PROPERTY PANDEMIC AT ITS BEST property BACK on market 🤔
Remember this auction...??? Exhibit 1 👇
Sold @ auction for $1.4m 18/07/2020 E-2
Agent has told associate - BUYER RAN AWAY WITHOUT PAYING 10% DEPOSIT... can't locate buyer they say...🤦♂️🦇
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BUCKLE UP
One of the factors we feel which has contributed greatly to the buying frenzy seeing on-the-ground & as regularly reported on the International Monday Evening Property Rant is the great outflow of wealth from China & let's not disregard the Local Chatterer's
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PROPERTY LISTING PANDEMIC - 8 weeks ago numerous offers on "inner west" property @ $1.8m to $1.9m agents fighting over sale to list "would have sold" at the time. NOW price guide $1.6m & listing agent not even confident at that...
@HoundSupercoach
can back this up
@linzcom
...
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CORONA APARTMENT PANDEMIC
Another one bites the corvid19 meteor dust...
@_mumbling_me
final sale price up on REA 🦇🦇🦇
Just Sold - $950,000
Original sale price - $1,400,000
Rental - $700/week
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Be sure to tune in tomorrow tweeterers & lovers all things Hedonic ... it will be FUN for some & SAD for others no doubt...
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What I just witnessed is shocking and I’ve been in the industry for a long time...
Property passed in at $3.3m shocking
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Dusty just got this from a local WeChat Chatterer ... what should Dusty reply...??? 🥴🤷🏽♂️🤔
#BeNice
🤓
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IF I WAS TO TELL YOU...
If I was to tell you Xi's family own property in Melbourne & Sydney & some live in Aus - what would you say...???
If I was to tell you the Chatterers coming - most left MLC years ago but live in other Asian countries - now want to settle in Australia -
@DrCameronMurray
If people believe the Main Land Chinese will forget about
#RUNxue
& return to the country that is no longer in their eyes "successful - profitable - worth while investing in" after reselling all their Australian property assets - then you're reading too much into Western
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SO I APPLIED... lets see if my application is accepted... 🤨🥷
Saw this add being shared around online & I applied 🤓 Hope to speak with the agent tomorrow & if possible may get to see the actual house... 🤞🤞🤞
On a complete reno - with two bathrooms on face value - won't get
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It's Friday & only one sleep to go before
#AuctionSaturday
me be like - Viva el
#hedonic
yeeehahh
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Remember my original tweets re
#opaltower
and the
#milliondollarghettos
....???? follow the money 🤓🦇
PS: Opal is still sinking
#justsaying
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CORONA FILES VICTORIA
Discussing rental issues with clients that have Melbourne property...
Tenants have left can't pay rent apartments vacant - what can we do when agency has 160 vacant apartments on their books???
Me: call other agents
We have- others have more some less 🦇
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Anyone else out in tweeterworld with similar story...??? 🙏
Just spoke with a client that was looking into his mortgage CBA support backend - tells me been checking to see value CBA estimates his prop - yesterday CBA report showed $2.312m TODAY post rate rise $2.047m🤔
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POWER TO THE PEOPLE... ✌️🥸
A real estate agent friend calls Dusty & says - S^*t is getting bad out there...
Dusty replies: what's up...???
REA: I have signed up a new listing for sale...
D: That's good right...???
REA: Sort-a - I told the owner the T/house was worth
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BREAKING - WeChat Chatter ... all major roads in & out of Guangzhou to satellite cities are now blocked... workers can't commute... 🏴☠️
Are you expecting any goods in Sydney from anywhere in China...??? Start looking for other options
#justsaying
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BREAKING PROPERTY NEWS (debunking the Hedonic Daily Index) my take :) Chicos-
#NeridaConisbee
confirms
#HedonicDailyIndex
used by
#Corelogic
is BS ... watch the entire clip as
#Switzer
almost falls off his seat...
@linzcom
@JosephNWalker
@matt_barrie
@DFA_Analyst
@adamseconomics
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HOLD ON TO YOUR HATS - Cryptonians Tweeterers & WeChat Chatterers... 🥸
Chinese Whisperer’s whisper - WTS tomorrow🦇
Who needs the RBA anyway - Martin
@DFA_Analyst
@AvidCommentator
@pankit16
@chickenbubble3
...???
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CONSTRUCTION SMACKDOWN IN OZ - Canley Heights where everything goes in the WILD WILD WEST ... BedR 2.5x2m Lounge 3x4m Bath 1.3x1.5m ...
@angrykid457
@djshaneday
🙈🙈🙈🦇🦇🦇
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SYDNEY AUCTION PANDEMIC
Am I missing something...??? Just asking for a mate that’s preparing to go to an auction after lockdown... 🙈🙈🦇🦇
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@DFA_Analyst
The world has lost a jewel but has gained valuable awareness as Gill leaves behind a legacy for us pursue and save others from the pain she has endured for many years... My deepest condolences Martjn...
RIP great warrior Gill North
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PAIN PAIN- with few listings around- agents are dropping their commission rates to as low as 1% in areas where 2.2% was norm... Blacktown 3 agencies @ 1%
Kellyville 1 @ 1% 2 @ 1.1%
Wouldn’t surprise me if lower NS & Eastern Subs are once again back to 0.5% with some agents..🤔
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PROPERTY PANDEMIC SECOND WAVE it's getting ugly...
Chinese media pushing the narrative that Aus Gov will confiscate property investments owned by Chinese Nationals & use for affordable housing - pushing hard
Outcomes
1) More listings on market in Sydney?
2) CI exodus?
3) NOTA?
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BREAKING REMOVALIST NEWS 🤓
Contacts in removals company say
Doing lot of removals - people selling homes & putting most of furniture in storage...
Renting apartments cheaply & now waiting on sideline for "house market" to drop before buying back in...
Martin
@DFA_Analyst
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WHAT COULD GO WRONG
@angrykid457
@djshaneday
??? Digging down to 5 basements with Parramatta river behind that wall... 61 level towers to go above - will life jackets come with the unit purchase?
#justasking
for a friend ... 🦇🦇🦇 👻👻👻
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NOT a haircut - a decapitation of the bank account... 🫤
Previous seller "is a BUILDER" according to the agent... Slab is too low & the swimming pool is not the only water feature... 🥸
Owners have been quoted $1m + to rectify...
Agency feels bad & reselling for free for
What sorcery is this
@strategicplann4
... 😬
On the road ATM - will look deeper at it later & confirm... If Misleading Advertising or someone is getting a BIG haircut or haunted... 🙃
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@ChrisMinnsMP
One of the quickest & efficient ways to start - is to increase
@NSW_FairTrading
budget to have an independent department to monitor what RE agents are doing - more to the point not doing...
No amount of "new" regulations - policies - mandates - reforms will change the way the
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Loving day so far... 🥸
Me: 1st & final offer
Agent: Can you go up $30K
M: No
A: How about $20K owner not budging
M: No! how about you adjust comm & he may agree
A: Deal done halved comm & owner 🙂
Client: we were willing to pay extra
M: $30K better in your pocket for reno
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@abcnews
NSW can't close its borders ... we still need to allow more cruise ships to disembark their infected into Sydney CBD - right Premier???
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BREAKING NEWS - via
@2GB873
@Ross_Greenwood
Building Insurers pulling away and leaving builders hanging NO POLICY no construction... Do you blame them when these are being built
#Landmark
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HOLD THE LINE - I feel there’s at least two more weeks of rising listing numbers... 🥸
Will try & post daily figures as we track the new listings coming on the market... stay frosty &
#dontbelikeLizzie
🤓
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Morning PM
@ScottMorrisonMP
do you think you can get
@MichaelSukkarMP
to investigate what’s going on in WA with the housing grants please??? Thanks in advance
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THE CORONA FILES
CBA economist calls -10% correction Westpac Bill Evans same
RE Industry is calling -20% correction
My tweeterer followers calling -30%-40% & in some suburbs in SYDNEY vendor expectations already dropping by -20%
What's your call???
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SYDNEY PROPERTY PANDEMIC ... when agents send these text messages days before the auction - fear & blood is flowing downstream
FYI ... property bought 2018 $1.9m now selling with auction guide $1.8
Told agent at inspection $1.6 max - now colleague gets this text
#yakes
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